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Mortgage Market Update
My Mortgage Company
Robbie Keach
Wednesday, September 16, 2026
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Rate moves change what you can afford |
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Interest rates don't stay still, and that affects your mortgage more than you might think. Here's what you need to know this week.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Affordability Check
Your budget may have shifted—here's why
Interest rates move constantly, and when they do, your buying or refinancing power changes with them. A rate that moves up means your monthly payment grows on the same loan amount. A rate that moves down can stretch what you're able to afford—or free up cash if you're refinancing an existing mortgage. The key is checking in regularly so you're not caught off guard. If you haven't reviewed your numbers in a few weeks or months, now's a good time. I can run a fresh affordability analysis and show you exactly where you stand. It takes minutes and gives you real clarity. Let me know if you'd like to take another look at your situation.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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3.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Robbie Keach
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